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TX-based Swych announced the launch of its innovative digital gifting platform and iOS mobile app for US consumers. For the first time, consumers can use this unique app to send “Swychable” gift cards which the recipients can redeem at any of their favorite retailers like Amazon, REI, Sephora and more. Users can also upload and…

Early Warning, Fiserv and PayPal have joined the growing list of companies and top banks using Visa Direct which also includes Ingo Money and Square. The Visa Direct platform is available in more than 200 markets around the world and can be potentially be used to reach more than three billion consumer card accounts. Visa…

Liaison Technologies has made its Tokenization as a Service (TaaS) solution available on its award-winning Liaison ALLOY Platform for the first time and has migrated all existing TaaS customers to the new deployment. TaaS on ALLOY significantly improves data security and expedites processing. Featured on ALLOY, the world’s first data Platform as a Service (dPaaS) solution,…

A report finds the boom of mass consumption in major developing markets—and mobile internet access everywhere—fueling a surge in demand for new methods of cashless payment. This is transforming the industry as new competitors and business models rush in to meet the needs of every imaginable consumer cohort and use-case. Across the planet, traditional banks…

Visa’s new Quick Chip technology is now running at a chain of seven natural grocery stores in Northern California. The technology enhancement optimizes EMV1 chip card processing to not only speed up checkout times, but also significantly streamline chip implementation. Index, a retail software company that combines secure payments, measurement, and personalization, has deployed the…

In Other News: BEVRAGE (rebates); VIRTUAL PIGGY (P2P); VANTIV (PaymentsEdge); EXPENSEANYWHERE (app). BEVRAGE – bevRAGE announced the formal unveiling of its mobile application that delivers instant cash back rebates to consumers purchasing beer, wine and liquor. The new app, which is live today in Apple’s App Store and Google Play, is designed to provide savings…

More than eight of 10 U.S. MasterCard consumer credit cards have chips, representing an 88% increase in chip card adoption since the 2015 liability shift started to bring EMV-secured payments to the U.S. MasterCard also sees 1.7 million chip-active merchant locations on its network, representing nearly 30% of the U.S. merchant population and a 374%…

Unicredit Business Integrated Solutions (UBIS) and SIA inked a €500 million deal. UBIS also signed with SIA a ten-year outsourcing contract for the supply of processing services for transactions made using debit, credit and prepaid cards, and for the management of POS and ATM terminals. The deal involves the processing activities of around 13.5 million…

In Other News: NXT-ID (patent); SIGNAPAY (exec); SYNCHRONY (Rheem); and PENFED (CUNA). NXT-ID – NXT-ID has announced the issuance of patent number 9407619 by the USPTO for risk aware end to end multi-factor authentication. SIGNAPAY – Matt Nern has joined SignaPay PayHub as the Vice President of Sales. Mr. Nern brings almost two decades of…

Early Warning has signed an agreement with Visa to enable person-to-person (P2P) payments on its clearXchange network using U.S.-issued debit cards through the Visa Direct platform. Also it will leverage Mastercard Send to enable U.S. debit card holders to send and receive money through the clearXchange network. Early Warning’s clearXchange network currently enables customers of…

JCB International announced Takashimaya Company, Limited (Takashimaya) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will start issuing JCB credit cards. Takashimaya’s new Ho Chi Minh City Takashimaya is located in the Saigon Centre shopping center, opening on July 30. Takashimaya has 19 department stores in Japan and one each in…

Baker Hill is launching on August 15th, AppGen, which allows consumers and small businesses to apply for credit cards and loans from any location leveraging a responsive design. AppGen allows financial institutions to launch or strengthen online and mobile lending channels to grow application volume. Loan applicants access a financial institution’s website or digital loan…